MS LALIT MINING IMPEX PVT LTD AND OTHERS vs UNION BANK OF INDIA

CWP-19455-2026 1 IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH *** CWP-19455-2026 Date of decision : 24.06.2026 M/s Lalit Mining Impex Pvt. Ltd. and others ... Petitioners Versus Union Bank of India ... Respondent CORAM: HON'BLE MR. JUSTICE VIKAS BAHL HON’BLE MRS. JUSTICE RAMESH KUMARI Present: Mr.Vishwendra Verma, Advocate and Mr.Balwinder Singh, Advocate for the petitioners. Mr.Shailender Kashyap, Advocate for the respondent. VIKAS BAHL, J.(ORAL) 1. This is a Civil Writ Petition under Article 226 and 227 of the Constitution of India for issuance of a writ in the nature of mandamus with a prayer for direction to the respondent-Bank to consider the request for extension of time made vide e-mail dated 16.06.2026 (Annexure P-3) for another three months expiring on 25.06.2026. 2. Learned counsel appearing for the respondent-Bank has submitted that as per the terms of the OTS dated 27.03.2026, in addition to the upfront amount of Rs.40 lacs, an amount of Rs.1,26,00,000/- was to be paid within seven days from 27.03.2026 which was not done and thus, in DAVINDER KUMAR 2026.06.24 17:54 I attest the accuracy and authenticity of this order / judgment CWP-19455-2026 2 accordance with th